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Wednesday, February 02, 2022 01:06:13 UTC

Google's fourth-quarter earnings crushed expectations and they announced a 20-for-1 stock split, pushing shares up substantially in extended hours trading.

As a result of the post-pandemic increase in marketing spending by corporations around the world, Google parent Alphabet (GOOGL) – Get Alphabet Inc. Class A Report recorded considerably greater fourth quarter results Tuesday and authorized a 20-for-1 split of its stock.

Alphabet reported a record $20.6 billion, or $30.69 per share, in earnings for the three months ending in December, up 37.6 percent from the same time last year and well ahead of the Wall Street consensus expectation of $27.48 per share, which was expected.(More)

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